My friend has a design that he is looking to license to candle companies. He got it patented and has been working with a family friend to make sure all the legal stuff is done correctly. I wanted to get involved and invest a modest sum, but more as a silent partner for 5-10%.
I understand how risky this stuff is, I know I may be losing my money forever. Worst case scenario I'm out that money - totally understood.
My question is, assuming I invest and everything goes well and we agree on terms, can we get an arrangement where I own 5-10% of the 'company' and whatever licensing money we make I get my % of that total?
Am I foolish for thinking that's how this works ASSUMING a company does want it and agree to a licensing agreement?
Submitted May 05, 2017 at 02:57PM by is_this_20characters http://ift.tt/2pik0iY
